SDG&E warns of skyrocketing ratepayer bills, despite already having highest rates in the country. In 2021, Mayor ToddGloria touted a deal he made with SDG&E as a success. But that deal has clearly failed to help San Diegans.
SAN DIEGO – San Diego Gas & Electric Wednesday cited a dramatic increase in natural gas prices over the past year as a major reason ratepayers will likely see a large jump on their bills this month.
Natural gas is not just used for heating and cooking, it’s also used to generate 40% of the country’s electricity. A typical SDG&E residential customer who receives both electric delivery and electric generation as a bundled service from SDG&E may see their average monthly electric bill increase by around $25 from $160 to $185 starting this month, according to the utility.
According to the utility, more than 90% of the increase in the overall gas rate is driven by the market price for gas — the amount SDG&E pays suppliers to buy the gas on behalf of its customers.
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